Past Due Interest. Overdue payments of principal of any Class of Loan (and to the extent permitted by applicable law, overdue payments of interest and other amounts overdue under the Operative Documents) shall bear interest at the Past Due Rate, payable on demand, for any period during which the same shall be overdue.
Appears in 3 contracts
Sources: Facility Agreement (Virgin America Inc.), Facility Agreement (Virgin America Inc.), Facility Agreement (Virgin America Inc.)
Past Due Interest. Overdue payments of principal of any Class of Loan Note (and to the extent permitted by applicable law, overdue payments of interest and other amounts overdue under the Operative Documents) shall bear interest at the Past Due Rate, payable on demand, for any period during which the same shall be overdue.
Appears in 3 contracts
Sources: Facility Agreement (Virgin America Inc.), Note Purchase Agreement (Virgin America Inc.), Note Purchase Agreement (Virgin America Inc.)